CIN has learned that the Indiana-based H&P Cruise Line (formerly Cruise Partnership) is almost ready to sign a letter of intent for contracts on two new $100 million ships, with an option for two more. The yards being considered have been narrowed down to three: Wartsila, Jos. L. Meyer, and Flender.

The company intends to make cash payments of 15 percent at the signing of the contract; 15 percent at 6 months of construction; 20 percent at one year; and 50 percent upon delivery.

Each ship will have 350 cabins, for 730-740 passengers. One is expected to be based in Miami, and the other in Los Angeles. Operators will be sought for ship marine and hotel operations.

Cruise Industry News Email Alerts